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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)

Bull Market Weakness (+75) - SARJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SARJPY as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SARJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SARJPY
Open High Low SARJPY Price Change
30.404562 30.411322 30.240726 30.255458 -0.149104
Entry Signal

MarketClub’s Trade Triangles for SARJPY

long term up The long-term trend has been UP since Feb 5th, 2021 at 28.172723

intermediate term up The intermediate-term trend has been UP since Sep 23rd, 2021 at 29.472681

short term down The short-term trend has been DOWN since Oct 21st, 2021 at 30.376617

Smart Scan Analysis for SARJPY

Based on our trend formula, SARJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.404562 30.411322 30.240726 30.255458 -0.149104
Prev. Close Volume Bid Ask Time
30.404562 2021-10-22 17:01:07
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